Senators to Query SEC Nominees Stein, Piwowar

Two U.S. Senate aides nominated to join the Securities and Exchange Commission will get a confirmation hearing before the Senate Banking Committee on June 27, according to a Senate announcement today.

Michael S. Piwowar and Kara M. Stein will face questions posed by their current and former bosses on the committee. Piwowar, a Republican, is the chief economist for the committees Republican members. Stein worked for the committee under Senator Jack Reed, a Rhode Island Democrat who previously led a securities subcommittee.

A vote on their nominations will be held at a subsequent hearing, the banking committee said in a news release. Full Senate approval could come as early as July.